Businesses that make taxable supplies are entitled to recover Cypriot VAT incurred on expenditure (known as 'input VAT') used for the purpose of making these taxable supplies other than those items that are specifically excluded (see below).
Businesses that make only exempt supplies cannot recover input VAT. Businesses that make both taxable and exempt supplies can partly recover input VAT (explained further below in 12.37) other than those items that are specifically excluded.
VAT incurred on the following items of expenditure is specifically denied and therefore
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Web page updated on 17 Mar 2025 15:38